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Fixing Australia’s Housing Crisis
Save the Date: Lunch with Alan Kohler AM
Michael Henry AM
November 22 @ 12:30 pm - 2:00 pm
What caused Australia’s housing crisis – and how we might fix it.
In the upcoming ‘On the Great Housing Divide’ (Quarterly Essay 92) Alan Kohler examines one of the great mysteries of Australian life in that a country with the lowest population densities on the planet, has a shortage of land for houses. As a result, Sydney’s median house price is the second most expensive on Earth, after Hong Kong.
The escalation in house prices has altered Australian society; it has increased inequality and profoundly changed the relationship between generations – between those who have a house and those who don’t. Things went seriously wrong at the start of the twenty-first century, when there was a huge and permanent rise in the price of housing. But what actually happened? And what to do now?
Alan Kohler AM is a finance presenter on ABC News and a columnist for The New Daily. A former editor of The Age and The Australian Financial Review, he founded the Eureka Report and has written for The Australian, AFR, The Age and The Sydney Morning Herald. His books include It’s Your Money.
As he explains, “the solutions are both complex and simple, difficult and easy: supply must be increased and superfluous demand reduced.”
The discussion that will unfold at this not-to-be-missed event will help us understand how we got into this mess – and how we might get out of it.